Nature of Banks' Obligations. 5.1 The rights and obligations of each Bank hereunder are several. 5.2 The failure by a Bank to perform its obligations hereunder shall not affect the obligations of the Borrower towards any other party hereto nor shall any other party be liable for the failure by such Bank to perform its obligations hereunder.
Appears in 2 contracts
Samples: Multicurrency Revolving Credit and Sterling Acceptance Facility Agreement (Mbna Corp), Multicurrency Revolving Credit Facility Agreement (Mbna Corp)
Nature of Banks' Obligations. 5.1 4.1 The rights and obligations of each Bank hereunder are several.
5.2 4.2 The failure by a Bank to perform its obligations hereunder shall not affect the obligations of the any Borrower towards to any other party hereto nor shall any such other party be liable for the failure by such Bank to perform its obligations hereunder.
Appears in 2 contracts
Samples: Loan Facility Agreement (Gulfmark Offshore Inc), Loan Facility (Gulfmark International Inc)
Nature of Banks' Obligations. 5.1 The rights and obligations of each Bank hereunder are several.
5.2 The failure by a Bank to perform its obligations hereunder shall not affect the obligations of any of the Borrower Obligors towards any other party hereto nor shall any other party be liable for the failure by such Bank to perform its obligations hereunder.
Appears in 1 contract
Nature of Banks' Obligations. 5.1 4.1 The rights and obligations of each Bank hereunder are several.
5.2 4.2 The failure by a Bank to perform its obligations hereunder shall not affect the obligations of the Borrower towards to any other party hereto nor shall any such other party be liable for the failure by such Bank to perform its obligations hereunder.
Appears in 1 contract
Nature of Banks' Obligations. 5.1 The rights and obligations of each Bank hereunder are several.
5.2 The failure by a Bank to perform its obligations hereunder shall not affect the obligations of the Borrower towards any other party hereto nor shall any other party be liable for the failure by such Bank to perform its obligations hereunder.. UTILISATION OF THE FACILITY
Appears in 1 contract
Samples: Multicurrency Revolving Credit Facility Agreement (Mbna Corp)
Nature of Banks' Obligations. 5.1 The rights and obligations of each Bank hereunder are several.
5.2 The failure by a Bank to perform its obligations hereunder shall not affect the rights of any Borrower against such Bank in relation to such failure or the obligations of PLC or any of the Borrower other Borrowers towards any other party hereto nor shall any other party be liable for the failure by such Bank to perform its that Bank's obligations hereunder.
Appears in 1 contract
Samples: Multicurrency Multi Option Facility Agreement (Pearson Merger Co Inc)
